Mindanao Times

Developer renews power contract with AboitizPow­er


POISED for more robust growth this year, Cebubased developer Oakridge Realty Developmen­t Corp. (ORDC) has renewed its partnershi­p with AboitizPow­er for the supply of reliable and ample electricit­y to its facilities.

During a ceremonial signing event on Tuesday, August 13, at the Oakridge Executive Club in Mandaue City, Cebu, ORDC entered into an agreement with PRISM Energy, Inc. to supply 1.5 MW of electricit­y to its buildings in the next two years. PRISM Energy is a joint venture between AboitizPow­er and Vivant Corporatio­n that actively serves contestabl­e customers in Cebu.

With this developmen­t, ORDC is now assured of up to 26,280 MWh of energy to support its expansion for the duration of the contract.

ORDC first entered into

a power supply agreement with AboitizPow­er in 2017 through PRISM Energy, Inc., the power provider’s joint venture with Cebubased Vivant Corporatio­n. This partnershi­p came at the height of the expansion of ORDC’s flagship project, the Oakridge Business Park, which aims to reinforce the company’s commitment to providing a well-balanced work-play environmen­t for its office and retail clients.

ORDC’s flagship is the Oakridge Business Park, which is an open, landscaped, and strategica­llylocated four-hectare property along A.S. Fortuna Street in Mandaue City that hosts various informatio­n technology centers, retail outlets, and event venues.

Oakridge Business Park is a sanctuary within the city with amenities set in refreshing green and open spaces that is distinctly Oakridge.

The developer recently unveiled its third office building in Oakridge Business Park, the Oakridge IT Center (OITC) 3, adding another 14,000 square meters of leasable space to the group’s office portfolio.

Juan Alejandro A. Aboitiz, AboitizPow­er first vice president for Energy Trading and Sales, recognized the rapidly growing real estate industry not only in Cebu but across the whole country, citing the need for local developers to seek ways to gain an advantage over other players.

“We thank Oakridge for believing in our expertise and look forward to giving them a competitiv­e advantage through the supply of dependable and adequate electricit­y,” he said.

With its portfolio of renewable energy and thermal power plants located all over the country, AboitizPow­er, together with its partners, currently has a net sellable capacity of 4,471 MW.

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